Hong Kong Dollar news

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The sudden death of the Swiss franc ceiling set off fears that other fixed exchange rates could be next. But Hong Kong's storied peg with the U.S. dollar is as solid as ever. Superficially, Hong Kong faces a similar situation to Switzerland. The Swiss ...

Hong Kong's de facto central bank stepped in for a second day to prevent the currency from rising against the U.S. dollar as demand surged for the city's stocks. The Hong Kong Monetary Authority bought $1.7 billion during the Hong Kong day on Friday at ...

The Hong Kong dollar is pegged at 7.8 to the U.S. dollar, but can trade between 7.75 and 7.85. Under the currency peg, the HKMA is obliged to intervene when the Hong Kong dollar hits 7.75 or 7.85 to keep the band intact. ($1 = 7.7495 Hong Kong dollars) ...

Add in surging demand for Hong Kong dollars triggered by record turnover in the city's stock market and inevitably questions arise about the suitability, and the sustainability, of the tight 32-year-old currency peg.

Heng added that heavy fund flows from China to the Hong Kong stock market would force the Hong Kong Monetary Authority to keep intervening in the market to drive back the Hong Kong dollar from testing the upper of its trading band. The Hong Kong dollar ...